Trumps announcement on new tariffs for steel and aluminum imports

Date: Friday, March 9, 2018Source:

Trump made his tariff announcement yesterday regarding steel and aluminum imports. The tariffs will cover steel (25%) and aluminum (10%) products entered or withdrawn from warehouse for consumption on or after 12:01 a.m. on March 23, 2018. These tariffs will be in addition to existing rates of duties and anti-dumping / countervailing duties.

At this time, Canada and Mexico will be excluded from the increased tariffs while NAFTA negotiations continue. Additional countries may be added to the exemption list between now and March 22.